The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) announced that the Business Level I and II exams conducted in October recorded a pass rate of 75%.
Around 5,180 CA students studying to be Chartered Accountants sat for the Business Level I and II exams held in October 2022 at centres in Colombo, Galle, Kandy, Kurunegala, Ratnapura, Bandarawela, Anuradhapura, Jaffna and Batticaloa. The results of the exams were released in three weeks.
The Business Level is the first stage of the globally recognised Chartered Accounting program offered by CA Sri Lanka, and the level comprises eight subjects.
At the Business Level I exam, Chathuni Riviprabha Jayalath won the first merit prize, while Sinethma Silva won the second merit prize and Malki Subodha Wickramasingha won the third merit prize.
At the Business Level II exam, Viradha Thisumi Vishodha Abeydeera Gunarathne won the first merit prize, followed by Sulochana Maduwanthi Peiris winning the second merit prize.
Under the Business Level subject prizes, Chathuni Riviprabha Jayalath won the Financial Accounting, as well as Business Mathematics and Statistics subject prizes, and Ashini Minasha Palihakkara Amarasekera won the Business Law subject prize. Yasangee Shakya Wekadapola won the Business Environment and Economics subject prize, while Chamidu Dilshan Palansuriya and Sulochana Maduwanthi Peiris shared the Audit, Business Process and Digitalisation subject prize.
The Management Accounting subject prize was jointly won by Thisaru Chamika, Fathima Ifrah Abdul Azeez and Heshani Sansala Sandagomi Kodikara.
The Business Taxation subject prize was won by Shalinda Janith Senevirathne and the Digital Business Strategy subject prize was won by Nazeer Umar.
The Business Communication 1 (CS1) and the Business Communication 2 (CS2) exams were also held in October, and over 1,200 CA students sat for both exams. The pass rate recorded at the CS1 exam was 72% while the pass rate for the CS2 exam was 69%. Ms. M. A. F. Ashfa was adjudged the prize winner at the CS1 exam, while the prize winner of the CS2 exam was Ms. K. Eswarakumar.